Funding you earn now, next payment 08:00 UTC−0.0461%/8h= −50.5% APRnext payment −$4.61 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Phemex+0.173%53s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1251.255% of the position
Funding, last 7 days+0.203%+$20 on $10k
+Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.173%, 7d avg −0.019%
=The price spread pays, funding is against you. OKX is 0.192% dearer against Phemex than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of −0.019%): +$19 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +0.203%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.203% in total (about 10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SNXXUSDT | 17.350 | 0 | get 0.0000% / 8h | 10m 21s | $1.6M | $1.5M | 20x |
| Short | OKX SNXX-USDT-SWAP | 17.380 | −0.0461 | pay 0.0461% / 8h | 10m 21s | $5.2M | $63.4M | 25x |
Phemex SNXXUSDT
OKX SNXX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$96.9
- Price spread: +0.173% → −0.019%
- $19.21
- Slippage, 4 orders
- −$103.49
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$203.17
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; OKX: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 3 min ago | 2.88 bp | 60.8 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.88 bp | 7.9 bp −$8 | 12.3 bp −$123 | 115.4 bp −$11.5K | doesn't fit |
SNXX on 15 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SNXX_USDT | −0.1043% | 8h | 17.360 | +0.058% | $9.3M | $7.7M | 50x | as long as short |
| Binance SNXXUSDT | −0.1042% | 8h | 17.364 | +0.080% | $31.5M | $472.5M | 25x | as long as short |
| BloFin SNXX-USDT | −0.1015% | 8h | 17.370 | +0.115% | $291K | $278K | 25x | as long as short |
| Bitget SNXXUSDT | −0.0923% | 8h | 17.372 | +0.127% | $4.0M | $40.3M | 20x | as long as short |
| KuCoin SNXXUSDTM | −0.0870% | 8h | 17.360 | +0.058% | $206K | $264K | 20x | as long as short |
| Bybit SNXXUSDT | −0.0836% | 8h | 17.360 | +0.058% | $3.8M | $19.8M | 50x | as long as short |
| Aster SNXXUSDT | −0.0613% | 8h | 17.372 | +0.125% | $49K | $493K | 20x | as long as short |
| Orderly PERP_SNXX_USDC_mythos | −0.0468% | 8h | 17.380 | +0.173% | $1K | $2K | 10x | as long as short |
| OKX SNXX-USDT-SWAPshort | −0.0461% | 8h | 17.380 | +0.173% | $5.2M | $63.4M | 25x | |
| HTX SNXX-USDT | −0.0267% | 8h | 17.360 | +0.058% | $9K | $4K | 20x | as long as short |
MEXC SNXX_USDT
Binance SNXXUSDT
BloFin SNXX-USDT
Bitget SNXXUSDT
KuCoin SNXXUSDTM
Bybit SNXXUSDT
Aster SNXXUSDT
Orderly PERP_SNXX_USDC_mythos
HTX SNXX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX SNXXUSDC | −0.0143% | 4h | 17.374 | +0.136% | $54K | $403K | 10x | as long as short |
| tradeXYZ xyz:SNXX | −0.0125% | 1h | 17.362 | +0.069% | $147K | $727K | 10x | as long as short |
| Gate SNXX_USDT | −0.0098% | 8h | 17.369 | +0.110% | $4.6M | $19.1M | 50x | as long as short |
| SunX SNXX-USDT | 0.0000% | 8h | 17.370 | +0.115% | — | $4.5M | 10x | as long as short |
| Phemex SNXXUSDTlong | 0.0000% | 8h | 17.350 | long leg | $1.6M | $1.5M | 20x |
edgeX SNXXUSDC
tradeXYZ xyz:SNXX
Gate SNXX_USDT
SunX SNXX-USDT